Page 1 of 1
Men Arrested for $45 Million in ATM Thefts
Posted: Tue Nov 26, 2013 2:26 pm
by WildBill
IDG News Service — Six more alleged participants were arrested Monday in a US$45 million global ATM fraud, including one man who was photographed stuffing $800,000 into a suitcase, federal prosecutors in New York said.
http://www.cio.com/article/743402/Six_M ... ecurity%29" onclick="window.open(this.href);return false;
Re: Men Arrested for $45 Million in ATM Thefts
Posted: Tue Nov 26, 2013 2:44 pm
by texanjoker
LOTS of money
Re: Men Arrested for $45 Million in ATM Thefts
Posted: Tue Nov 26, 2013 3:13 pm
by Jumping Frog
Defendants Anthony Diaz, 24; Saul Franjul, 23; Saul Genao, 24; Jaindhi Polanco, 29; and Jose Angeley Valerio, 25, pleaded not guilty to charges of conspiracy to commit access device fraud, according to a spokesman for the U.S. Attorney's Office. They face a possible seven-and-a-half years in prison. A sixth defendant, Franklyn Ferreira, was arrested later on Monday but had not been arraigned, the spokesman said.
A step up from your normal criminal. Never understood a guy who commits armed robbery at a convenient store for $35 and faces more prison time for that. Not saying I would ever choose a life of crime, but risking 7+ years in prison for $45 million changes the calculus.
Re: Men Arrested for $45 Million in ATM Thefts
Posted: Tue Nov 26, 2013 3:18 pm
by WildBill
Jumping Frog wrote:Defendants Anthony Diaz, 24; Saul Franjul, 23; Saul Genao, 24; Jaindhi Polanco, 29; and Jose Angeley Valerio, 25, pleaded not guilty to charges of conspiracy to commit access device fraud, according to a spokesman for the U.S. Attorney's Office. They face a possible seven-and-a-half years in prison. A sixth defendant, Franklyn Ferreira, was arrested later on Monday but had not been arraigned, the spokesman said.
A step up from your normal criminal. Never understood a guy who commits armed robbery at a convenient store for $35 and faces more prison time for that. Not saying I would ever choose a life of crime, but risking 7+ years in prison for $45 million changes the calculus.
Let's see $45 million divided by six divided by 7 years.
These guys are pretty young too.
Re: Men Arrested for $45 Million in ATM Thefts
Posted: Tue Nov 26, 2013 3:23 pm
by Maxwell
$1M a year for time served with room and board paid... Hmm... :-)
Re: Men Arrested for $45 Million in ATM Thefts
Posted: Tue Nov 26, 2013 4:01 pm
by KC5AV
The math only works if you get to keep the money.
Re: Men Arrested for $45 Million in ATM Thefts
Posted: Tue Nov 26, 2013 11:34 pm
by JALLEN
If you keep the money, be sure to report it and pay the taxes, or they will get you on that beef too.
By the time you do the seven years, time off for good behavior of course, I rather imagine you will be all too happy to not spend more time there.
Re: Men Arrested for $45 Million in ATM Thefts
Posted: Wed Nov 27, 2013 6:58 am
by Jumping Frog
JALLEN wrote:If you keep the money, be sure to report it and pay the taxes, or they will get you on that beef too.
By the time you do the seven years, time off for good behavior of course, I rather imagine you will be all too happy to not spend more time there.
I'd gladly pay the taxes on $7 million in income.